The Fed
Articles by Editor
FDIC
Banks in American Samoa ravaged by February’s Tropical Storm Gita receive access to regulatory relief
Financial institutions in American Samoa affected by Tropical Storm Gita have been extended some regulatory relief to facilitate recovery from the storm, the Federal Deposit Insurance Corp. (FDIC) said Monday. In a release, the agency […]
Federal financial regulatory legislation
House committee chairman asserts bill doesn’t repeal Volcker rule, but fosters efficiency, clarity
Legislation giving the Federal Reserve sole rulemaking authority for the “Volcker rule” creates efficiency – but it doesn’t eradicate the rule, the chairman of the House committee that reported out the bill said last week. […]
The Fed
Fed proposes 3-year phase-in for effects of CECL on regulatory capital
Providing an option to phase in over three years the effects on regulatory capital of the new current expected credit loss (CECL) accounting standard is the aim of a notice of proposed rulemaking issued by […]
CFPB
Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
NCUA
Credit union regulator to consider final rules on capital planning/stress tests, advertising
Two final rules – on capital planning and stress testing; and on advertising and notice of insured status – will be on the agenda for the National Credit Union Administration (NCUA) Board when it meets […]
CFPB
Arguments before appeals court over CFPB ‘acting director’ revolve around meanings in statutes, ‘will’ of the president
The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]
Legislation
House adopts bills limiting stress-test frequency, oversight of non-bank banks
Limiting the frequency of “stress tests” that measure the ability of banks to withstand economic challenges, and restraining the scope of regulation over non-bank banks, were the focus of two bills passed by the House […]
OCC
Agencies propose ‘enhanced supplementary leverage ratio’ for large banks
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
Legislation
House gives thumbs up to ‘Volcker rule’ exemption and exclusive Fed rulemaking
A bill giving the Federal Reserve Board sole rulemaking authority over the so-called “Volcker rule,” exempting most “community banks” from the provision, was adopted by the House Friday on a vote of 300-104. The Volcker […]